Companies’ assessment of the current business climate in Poland is ambiguous. While their condition has started to improve, they are also increasingly concerned about the future – show most recent indications of the Entrepreneurs’ Optimism Index.
In June 2016, the Index has assumed the value of 100.7 points with regards to the assessment of the current business situation, compared to 98.3 points in May. However, prognoses for the next 6 months have worsened, with the subindex dropping from 97.6 to 94.7 points.
Main indications of the Entrepreneurs’ Optimism Index – figures from June 2016
This is the first increase in the subindex related to current situation in business in 6 months, its highest value since February and the first time since March 2016 that it exceeds 100 points, indicating a moderate improvement of the business condition of the companies under study. At the same time, the prognosis subindex has dropped after bouncing back in May. However, its value is still above the April low.
Given that this edition of the survey was conducted mid-June, its results do not include the impact of Great Britain’s decision to leave the EU. The main reasons for the increasingly negative assessment of future business perspectives are uncertainty of economic and legal conditions of business activity in Poland. Compared to May, the declared value of spending on fixed assets and job creation, but nevertheless, the rate of companies who want to invest and create jobs is still significantly higher.
Transport companies are the most optimistic, while the construction sector is the most pessimistic. Concerns about the future – despite a relatively good current situation – are strong in industry, trade and finance. The smallest entities are the most pessimistic about the present, although they too expect the situation to improve in the next 6 months.
General assessment of the current business situation General assessment of the business situation in the next six months